EARNINGS PER SHARE

12 Months Ended

Sep. 30, 2012

Earnings Per Share [Text Block]

NOTE 16 – EARNINGS PER SHARE

Basic and diluted EPS for the years ended September 30, 2012, 2011 and 2010 were determined using the following information (in thousands):

	Years Ended September 30,
	2012		2011		2010
Weighted average shares outstanding - basic		55,914		58,919		58,974
Incremental shares from stock based compensation		1,415		—		1,019
Weighted average shares outstanding - diluted		57,329		58,919		59,993
Anti-dilutive options excluded from diluted EPS computation		930		1,170		1,036
Anti-dilutive restricted stock excluded from diluted EPS computation		—		1,235		208

Griffon has the intent and ability to settle the principal amount of the 2017 Notes in cash, as such, the potential issuance of shares related to the principal amount of the 2017 Notes does not affect diluted shares.